OPERATIONS

Esprit chairman leaves one day after CEO announces departure

BY Katherine Boccaccio

Hong Kong — Esprit Holdings said Wednesday that its chairman has unexpectedly resigned, just one day after the sudden departure of CEO Ronald van der Vis.

Chairman Hans-Joachim Korber said he is leaving for personal reasons, while van der Vis’s reasons were described as “personal and family.” CFO Chew Fook Aun left the company on June 1.

Analysts said that the departures had raised concerns that more problems may be afoot at the retailer. Korber’s – who is replaced by Raymond Or, a former chief executive at Hang Seng Bank — resignation takes effect immediately, Esprit said, while Van der Vis’ starts around July.

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REAL ESTATE

Dick’s Sporting Goods to anchor Southpark Mall in former Dillard’s space

BY Katherine Boccaccio

Richmond, Va. — Chattanooga, Tenn.-based CBL & Associates Properties said Thursday that Dick’s Sporting Goods will open a new store at Southpark Mall in Richmond, Va.

The existing Dillard’s location will be redeveloped into the new 56,000-sq.-ft. Dick’s store as well as a selection of specialty stores and restaurants. Construction is scheduled to begin in October with a grand opening slated for summer 2013.

“The addition of Dick’s Sporting Goods to Southpark Mall will complete the first phase of our plans to redevelop the Dillard’s location,” said Stephen Lebovitz, president and CEO, CBL. “We are also working to add a new assortment of specialty stores and restaurants to the center.”

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REAL ESTATE

Costco to make Louisiana debut

BY Katherine Boccaccio

New Orleans — Costco Wholesale Corp. will enter the state of Louisiana with a 148,000-sq.-ft. store at Carrollton Plaza Shopping Center in New Orleans.

The new lease, announced by center owner The Feil Organization, will add Costco to a lineup of retailers that includes CVS, Firestone, Family Dollar and Subway.

Costco is slated to open spring 2013.

"We are very excited about helping to bring Costco to New Orleans and contributing to the area’s revitalization,” said Jeffrey Feil, CEO, Feil Organization. "This lease represents a giant step forward for the existing and future retail establishments in New Orleans and will further boost confidence in the local market since hurricane Katrina in 2005.”

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Jan-21-2013 10:52 am

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A.Smile says:
Jan-21-2013 10:52 am

Despite the earlier plan for days, had to spend a day in a cazino, today it is possible at any time to log into an online cazino and there to play their favorite games. While this is a great advantage for the one, but there are also others which can quickly do a gambling wide. pandora sales

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